Elon Musk Refutes Reports That He Had Sold Twitter Shares
Elon Musk on Wednesday refuted reports that he had reduced his stake in Twitter, saying that an initial regulatory filing on his holdings in the social media platform contained the wrong number of shares.
A 13D filing on Tuesday showed that the Tesla CEO had taken a 9.1% stake in Twitter. A disclosure to the SEC a day earlier had Musk owning 9.2%.
(Reuters) -News of Tesla Chief Executive Elon Musk taking a board seat at Twitter has some Twitter employees panicking over the future of the social media firm's ability to moderate content, company insiders told Reuters.
Within hours of the surprise disclosure this week that Musk, a self-described "free speech absolutist," acquired enough shares to become the top Twitter shareholder, political conservatives began flooding social media with calls for the return of Donald Trump. The former U.S. president was banned from Facebook and Twitter after the Jan 6. Capitol riot over concerns around incitement of violence.
"Now that @ElonMusk is Twitter's largest shareholder, it's time to lift the political censorship. Oh… and BRING BACK TRUMP!," tweeted Republican Congresswoman Lauren Boebert on Monday.
Despite Twitter's reiteration this week that the board does not make policy decisions, four Twitter employees who spoke with Reuters said they were concerned about Musk's ability to influence the company's policies on abusive users and harmful content.
With Musk on the board, the employees said his views on moderation could weaken years-long efforts to make Twitter a place of healthy discourse, and might allow trolling and mob attacks to flourish.
In the wake of Trump's ban from Facebook and Twitter, the billionaire tweeted that many people would be unhappy with U.S. tech companies acting "as
Read more on tech.hindustantimes.com
